10 Things to Know About Home Warranties When Selling a House
A home warranty offers sellers and homebuyers peace of mind that appliances and mechanical systems will remain in working order until the homebuyer takes possession.
Most real estate agreements require that a house is in the same condition as when the buyer viewed it when they take possession, so if an appliance or mechanical system breaks down after you’ve signed a purchase agreement, you’ll have to repair or replace it. A home warranty, sometimes referred to as home repair insurance, can help you safeguard against that unexpected expense.
With a policy in place, instead of panicking, you can simply call your provider. Plus, home warranties can be used as marketing incentives to attract buyers and provide a little extra peace of mind.
We’ve consulted Cindi Blackwood, a top real estate agent who works with over 65% more single-family homes than the average agent in Little Rock, Arkansas, to bring you 10 key insights sellers should know about home warranties. Let’s get started.
